The Loans Engine adds HFBS to lender panel
The Loans Engine has added Holme Finance Bridging Solutions to its lender panel.
"The investment opportunities for property investors across change of use, light and heavy refurbishment projects, and auction purchases, will drive an increased need for bridging finance."
The move will see The Loans Engine gain full access to HFBS’s range of bridging products, which includes first, second and third charge options.
HFBS focuses on providing fast bridging solutions to clients, typically completing within 7 days. At present, HFBS has no limits on adverse credit, does not require income proof and will often not require a valuation to be completed.
Additionally, the company can offer solutions to clients even when consent from their first mortgage has been declined.
Andrew Turner, founder and director of The Loans Engine, said: “We expect to see further demand for short term borrowing as we enter 2022. The investment opportunities for property investors across change of use, light and heavy refurbishment projects, and auction purchases, will drive an increased need for bridging finance. We see HFBS as an important addition to our panel to support this demand.”
Breaking news
Direct to your inbox:
More
stories
you'll love:
This week's biggest stories:
FCA
Firms required to report complaints involving vulnerable customers under simplified FCA rules
Santander
Santander joins mortgage price war with new rates from 3.51%
FCA
FCA sets out timeline for mortgage rule changes
Inflation
Bank of England set to cut rates as inflation falls to eight-month low
This week's biggest stories:
FCA
Firms required to report complaints involving vulnerable customers under simplified FCA rules
Santander
Santander joins mortgage price war with new rates from 3.51%
FCA
FCA sets out timeline for mortgage rule changes
Inflation
Bank of England set to cut rates as inflation falls to eight-month low
Nationwide
FCA fines Nationwide £44m for inadequate financial crime controls
FCA
FCA announces new measures to support growth of mutuals sector